Boeing remains optimistic about China air cargo freights
Boeing expressed a positive outlook with regards to China’s air-cargo traffic, with an expected rise of 6.1% a year for the next two decades.
The rationale for this growth is backed by the increasing number of airlines that will be involved in transporting manufactured products from China. With global trade forecast to rise by 7.6% by the end of the year, more products will be shipped, thereby increasing demand for cargo planes.
According to the International Air Transport Association, an international industry trade group of airlines, China’s overseas air-cargo transportations are expected to increase at a rate of 14% per year for the next couple of years.
Statistics have shown that in the first half of the year, cargo volume rose by 15% to a total of 1.83 million tons.
With China enjoying the most rapid growth in the world, many airlines including Lufthansa, Korean Air Lines and Singapore Airlines have forged cargo airline ventures.
